Half Year Results to 31 December 2012 · PDF file The Coloured Gemstone Company . Half Year...

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Transcript of Half Year Results to 31 December 2012 · PDF file The Coloured Gemstone Company . Half Year...

  • The Coloured Gemstone Company

    Half Year Results to 31 December 2012

    March 2013

    Mila Kunis, Gemfields global face of ethical coloured gemstones, features the striking Romanov

    necklace by Fabergé. An extraordinary modern masterpiece composed of 2,225 gemstones,

    including 79 exceptional Gemfields Zambian emeralds

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    This document, which has been issued by Gemfields Plc (the “Company”), comprises the written materials/slides for a presentation concerning the Company, including its business, results of operations and prospects. This document does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any shares in the Company nor may it or any part of it nor the fact of its distribution form the basis of, or be relied on in connection with, any contract or investment decision in relation thereto, nor does it constitute a recommendation regarding the shares of the Company. The contents of this presentation are to be kept confidential.

    No reliance may be placed for any purposes whatsoever on the information contained in this document or on its completeness. No representation or warranty, express or implied, is given by or on behalf of the Company, its shareholders or any of its affiliates, advisors or representatives as to the accuracy or completeness of the information or opinions contained in this presentation. None of the Company, its shareholders or any of its affiliates, advisors or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss whatsoever arising from any use of this document, or its contents, or otherwise arising in connection with this document.

    This document and its contents are confidential and may not be reproduced, redistributed or passed on, directly or indirectly, to any other person or published, in whole or in part, for any purpose and it is intended for distribution in the United Kingdom only to persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended, or to those persons to whom it can otherwise lawfully be communicated (all such persons being referred to together as a “Relevant Person”). Any person who is not a Relevant Person should not and may not act or rely on this document or any of its contents. Any person who is unsure of their position should seek independent advice.

    This document does not and is not intended to constitute an offer of securities for distribution or sale in the United States or any other jurisdiction or territory. Securities may not be offered, sold or distributed in the United States absent registration or an exemption from registration under the US Securities Act of 1933. None of the Company’s shares have been, or are required to be registered under the US Securities Act of 1933. Neither the Company’s shares nor this document have been approved or disapproved by the US Securities and Exchange Commission, any state securities commission in the United States or any other US regulatory authority, nor have such authorities passed upon or determined the adequacy or accuracy of this document. Any representation to the contrary is a criminal offence in the United States.

    Certain statements in this presentation, or given in response to questions, may constitute forward-looking statements. These statements relate to future events or future performance and reflect the Company’s expectations and assumptions regarding the growth, results of operations, performance and business prospects and opportunities of the Company. In particular, statements regarding the Company’s objectives, plans and goals involve forward-looking statements. We caution you that any forward-looking statements are just predictions. They are not guarantees of future performance and involve risks and uncertainties. A number of factors could cause actual events, performance or results to differ materially from what is projected in the forward-looking statements. Although the forward- looking statements contained in this discussion are based on what the Company considers to be reasonable assumptions based on information currently available to it, there can be no assurance that actual events, performance or results will be consistent with these forward-looking statements, and the Company’s assumptions may prove to be incorrect. The Company does not intend, and, subject to any legal or regulatory requirements, does not assume any obligation, to update or revise them to reflect new events or circumstances. Canaccord Genuity Limited (“Canaccord”), which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting for the Company and no-one else in connection with the arrangements referred to herein and will not be responsible to anyone other than the Company for providing the protections afforded to the clients of Canaccord or for affording advice in relation the contents of this document or any matters referred to herein. Canaccord has not authorised the contents of, or any part of, this document, is not making any representation or warranty, express or implied, as to the contents of this document and nor shall it have any liability whatsoever (in negligence or otherwise) for any loss whatsoever arising from any use of this document, its contents or otherwise arising in connection with this document (including any omission of any information from this document). Nothing in this paragraph shall serve to exclude or limit any responsibilities which Canaccord may have under FSMA or the regulatory regime established thereunder. J.P. Morgan Limited (“JPMC”), which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting for the Company and no-one else in connection with the arrangements referred to herein and will not be responsible to anyone other than the Company for providing the protections afforded to the clients of JPMC or for affording advice in relation the contents of this document or any matters referred to herein. JPMC has not authorised the contents of, or any part of, this document, is not making any representation or warranty, express or implied, as to the contents of this document and nor shall it have any liability whatsoever (in negligence or otherwise) for any loss whatsoever arising from any use of this document, its contents or otherwise arising in connection with this document (including any omission of any information from this document). Nothing in this paragraph shall serve to exclude or limit any responsibilities which JPMC may have under FSMA or the regulatory regime established thereunder.

    Legal Disclaimer

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    Gemfields: a significant period delivering significant results

    • Strong platform established to become the coloured gemstone champion • Continued growth and expansion opportunities • Acquisition of Fabergé – a global brand with exceptional heritage • Constantly building on the core competencies of :

    • mining, • distribution, • marketing , AND • direct access to the consumer via a premium global brand – Faberge’

    • Exceptional safety and environmental performance • Delivering meaningful social impacts in all key operating jurisdictions

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    Highlights

    Contents

    Review of Core Assets

    Sales Marketing and Fabergé

    Forward Thinking

    Appendix

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    Type: Diamond

    Size: 10.56 carats

    Colour/Clarity: D / IF

    $/carat: $118,114 Source: Rappaport Magazine; Note: Gemstones shown are not the actual stones sold

    Type: Ruby

    Size: 7.20 carats

    Origin: Burma

    $/carat: $262,735

    Type: Sapphire

    Size: 25.45 carats

    Origin: Kashmir

    $/carat: $70,325

    Type: Emerald

    Size: 10.22 carats

    Origin: Columbia

    $/carat: $62,577

    Sector – luxury goods and gemstones

    Emeralds and other coloured gemstones: • Extremely rare and exceptionally beautiful • History indicates that they were some of the first items to be recognised by mankind as

    possessing inherent value • Largely the domain of smaller-scale (artisanal) mining

    Luxury goods: • Rapid growth largely impervious to short term fluctuations within the global economy

    The opportunity: • Repositioning coloured gemstones up alongside other luxury goods and Gemfields as the

    number one go-to supplier of coloured gems

    • Investment into key resources, scale of operations and intellectual capital • Providing a consistent supply of high quality, well graded rough • Supported by targeted marketing and promotional campaigns • Associated to Faberge’, one of the world’s most recognised luxury brand names

    http://images.google.co.uk/imgres?imgurl=http://www.bwog.net/uploads/diamond.jpg&imgrefurl=http://www.bwog.net/publicate/index.php?tag_id=1442&h=399&w=300&sz=12&hl=en&start=15&tbnid=WjpBJIrh_NxsIM:&tbnh=124&tbnw=93&prev=/images?q=diamond&gbv=2&ndsp=20&hl=en&sa=N http://www.astrologicalgem.com/images/sample_ruby.jpg http://www.astrologicalgem.com/images/sample_bluesapphire.jpg http://www.astrologicalgem.com/images/sample_emerald.jpg

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    Key financial indicators – six months to 31 December 2012

    • Revenues from rough (a single auction held in November 201